August 10, 2023
Rick Hammell, founding father of Chicago-based international employer-of-record supplier Atlas, stepped down from the CEO position to deal with new investments within the HR and international growth industries efficient Aug. 8.
Hammell will stay with the corporate as government chairman of the board and majority shareholder and proceed to construct SaaS expertise.
“As I step into the position of chairman, I’ll deal with strategic initiatives for Atlas,” Hammel acknowledged in a put up on LinkedIn. “This transfer additionally permits me to deal with new ventures and investments I’ve been engaged on, which drive my ardour for constructing instruments and options that create equitable alternatives for all companies to compete within the international market.”
Longstanding Atlas board member Ray Dile will grow to be interim CEO, in keeping with the put up. He has been within the home PEO trade for 30 years and has served on Altas’ board for greater than three years.
“Innovation and pushing the boundaries to assist different companies scale rapidly has at all times been a ardour of mine, and I used to be in a position to accomplish this after I based Atlas, however employer-of-record will not be sufficient,” Hammell stated in a press launch. “Because the human expertise market continues to quickly develop, I imagine now’s the time for me to broaden my focus and spend money on new options that may handle how international companies handle their numerous international workforce. There are numerous gaps within the service-enabled expertise world, and I see an enormous alternative to create and construct even additional than I might at Atlas.”
Hammell pioneered the world’s first 100% direct employer-of-record mannequin in 2015 when he launched Atlas, previously generally known as Components International Providers, and has led the corporate from a employees of 10 to firm with greater than 500 staff in 19 workplaces throughout 160 nations. It has accomplished two sequence capital raises totaling $220 million, together with a sequence B funding final 12 months of as much as $200 million from San Francisco-based funding agency Sixth Avenue Development.
Hammell can also be the creator of the e-book Getting Sh*t Performed!: The Millennial CEO and is at the moment finalizing a e-book that’s slated for publication in 2024 entitled The Millennial CEO, Put up Sequence B: The Fact About Race, Inclusion, Age & Equality within the Boardroom.
Rick Hammell
